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$ 6,500,000
Est. payment /mo
Active
1975 N Hobson AVE North Charleston, SC 29405
84,942 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 84,942 sqft
Price per Sqft $76
MLS Listing ID 31005141
Year Built 1909
Lot Size 1.950 Acres
Acres 1.95
Property Sub-Type Special Purpose
Property Description
The Navy Yard Charleston redevelopment project is an ambitious initiative aimed at transforming a historic naval shipyard into a vibrant mixed-use community. This project is not just about revitalizing a physical space; it represents an opportunity to breathe new life into the area, making it accessible and relevant for future generations. At the heart of this transformation is the Powerhouse, a significant structure that can be renovated into a world-class venue. The design plans for the Powerhouse feature spacious, light-filled areas with soaring truss ceilings, creating an inviting atmosphere for both creators and visitors. The first level could include artist space, production offices, and a bar area, while the second level offers VIP lounges and additional support spaces, all designed to foster creativity and collaboration. Surrounding the Powerhouse, the Three Sisters buildings will be re-purposed to accommodate retail spaces, restaurants, and production studios. This area will serve as a dynamic hub for both work and leisure, encouraging community engagement through culinary experiences and artistic endeavors. The master plan outlines approximately 2,750 multifamily units and 525,000 square feet of commercial space over a ten-year period, aiming to knit together various communities within North Charleston. Strategically located near Downtown Charleston and the airport, the Navy Yard Charleston is poised to become a key player in the region's growth. The ongoing construction of the Cosgrove Extension will enhance access to this revitalized area, making it more connected than ever. This project draws inspiration from successful developments like Ponce City Market in Atlanta and seeks to replicate that success by creating a place where residents can live, work, and thrive amidst a rich tapestry of history and modern amenities. The development team behind Navy Yard Charleston--comprised of Jamestown L.P., WECCO, and Weaver Capital Partners--brings extensive experience in crafting pedestrian-oriented urban centers. Their commitment to community engagement is evident through their local office presence and deep-rooted connections within North Charleston. The Navy Yard Charleston is not merely about redevelopment; it embodies a vision for the future--a future where history meets innovation, creating a vibrant community that celebrates its past while looking forward to new possibilities. The Powerhouse plays an integral role in this vision.
Location
State SC
County Charleston
Exterior
Parking Features Surface
Building
Sewer Public Sewer
Water Public
Listed by David Grubbs • NAI Charleston, LLC
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